Raymond James Financial’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$1.25B	Buy	13,315,040 +191,453	+1%	+$18M	0.43%	32
2025 Q1	$1.23B	Sell	13,123,587 -124,957	-0.9%	-$11.7M	0.46%	33
2024 Q4	$1.18B	Buy	+13,248,544	New	+$1.18B	0.43%	33